Report
Stephane Houri

Infineon Technologies AG : Le pire est maintenant derrière, quelle reprise pour l’automobile alors que la valorisation ne nous semble pas attractive

>Des résultats T3 2020 clairement > aux attentes grâce à la marge - Le CA du T3 2020 est ressorti à 2 174 M€, supérieur au consensus de 2 110 M€. La MOP s’est établie à 10.4% (consensus à 6%), en raison d’une bonne maîtrise des coûts et d’un apport très positif des activités de Cypress (notamment Flash NOR et WiFi). Le BPA ajusté ressort à 0,13 €, vs un consensus de 0,05 €. Par division, les revenus de l’automobile (ATV) ont été de 815 M€ (consensus 821 M€), soit une ...
Underlying
INFINEON TECHNOLOGIES AG

Infineon Technologies is a semiconductor manufacturing company. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications. The Industrial Power Control segment designs, develops, manufactures and markets semiconductors for the generation, transmission and economy in the use of electrical energy. The Power Management & Multimarket segment designs, develops, manufactures and markets semiconductors for power supplies, mobile devices and mobile phone network infrastructures. The Chip Card & Security segment designs, develops, manufactures and markets semiconductor-based security products for card applications and networked systems.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Houri

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